Weatherly Asset Management L. P. cut its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,234 shares of the cable giant’s stock after selling 311 shares during the quarter. Weatherly Asset Management L. P.’s holdings in Comcast were worth $1,489,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Camarda Financial Advisors LLC lifted its position in shares of Comcast by 8.1% in the first quarter. Camarda Financial Advisors LLC now owns 3,331 shares of the cable giant’s stock worth $133,000 after purchasing an additional 250 shares in the last quarter. Stokes & Hubbell Capital Management LLC lifted its position in shares of Comcast by 1.3% in the first quarter. Stokes & Hubbell Capital Management LLC now owns 20,560 shares of the cable giant’s stock worth $822,000 after purchasing an additional 259 shares in the last quarter. Chesley Taft & Associates LLC lifted its position in shares of Comcast by 0.7% in the first quarter. Chesley Taft & Associates LLC now owns 41,805 shares of the cable giant’s stock worth $1,671,000 after purchasing an additional 275 shares in the last quarter. GSA Capital Partners LLP lifted its position in shares of Comcast by 1.7% in the fourth quarter. GSA Capital Partners LLP now owns 16,864 shares of the cable giant’s stock worth $574,000 after purchasing an additional 281 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of Comcast by 2.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 12,173 shares of the cable giant’s stock worth $414,000 after purchasing an additional 296 shares in the last quarter. 80.77% of the stock is owned by institutional investors.

Several brokerages recently weighed in on CMCSA. TD Securities raised their price objective on shares of Comcast from $50.00 to $57.00 and gave the company a “buy” rating in a research report on Monday, April 29th. ValuEngine raised shares of Comcast from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Macquarie raised shares of Comcast from a “neutral” rating to an “outperform” rating and set a $49.00 price objective on the stock in a research report on Tuesday, April 9th. Raymond James raised their price objective on shares of Comcast from $44.00 to $48.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. Finally, Barclays raised their price objective on shares of Comcast from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Seven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Comcast has an average rating of “Buy” and an average price target of $44.54.

CMCSA stock traded down $0.74 during midday trading on Friday, hitting $41.00. 22,091,194 shares of the company traded hands, compared to its average volume of 15,237,133. Comcast Co. has a twelve month low of $30.67 and a twelve month high of $43.96. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.38. The company has a market cap of $193.86 billion, a PE ratio of 16.08, a price-to-earnings-growth ratio of 1.18 and a beta of 1.13.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 25th. The cable giant reported $0.76 EPS for the quarter, beating the consensus estimate of $0.68 by $0.08. Comcast had a return on equity of 17.04% and a net margin of 12.34%. The company had revenue of $26.86 billion for the quarter, compared to the consensus estimate of $27.27 billion. During the same quarter last year, the company posted $0.66 earnings per share. The company’s revenue for the quarter was up 17.8% compared to the same quarter last year. As a group, equities analysts expect that Comcast Co. will post 3 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be issued a dividend of $0.21 per share. The ex-dividend date is Tuesday, July 2nd. This represents a $0.84 annualized dividend and a yield of 2.05%. Comcast’s dividend payout ratio (DPR) is presently 32.94%.

In other Comcast news, EVP Arthur R. Block sold 1,967 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $40.23, for a total transaction of $79,132.41. Following the transaction, the executive vice president now owns 62,088 shares in the company, valued at $2,497,800.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Arthur R. Block sold 13,765 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $39.43, for a total value of $542,753.95. Following the transaction, the executive vice president now owns 68,878 shares in the company, valued at approximately $2,715,859.54. The disclosure for this sale can be found here. In the last quarter, insiders have sold 849,537 shares of company stock worth $35,489,480. Corporate insiders own 1.35% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Weatherly Asset Management L. P. Trims Stake in Comcast Co. (CMCSA)” was originally published by Watch List News and is owned by of Watch List News. If you are accessing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright laws. The original version of this story can be read at https://www.watchlistnews.com/weatherly-asset-management-l-p-trims-stake-in-comcast-co-cmcsa/3029456.html.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

Further Reading: What is the price-to-earnings growth (PEG) ratio?

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA).

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.